Will keeping the A’s in Oakland affect the city’s finances?

Members of the Let’s Go Oakland organization said Wednesday that building a new ballpark in the city would create more than 1,500 local jobs in the initial three-year construction phase, and bring ample revenue to Oakland and the county of Alameda.

The estimates come from a new economic study commissioned by Let’s Go Oakland as part of the effort to keep the A’s from decamping to San Jose. In addition to new jobs, the study projected property values around the new stadium would increase by $4.7 billion and $2.6 billion in total economic activity would be created in the next 30 years.

“The investment that the city ultimately is going to make — the report demonstrates that the city will receive a return on that investment,” said Doug Boxer, co-founder of the Let’s Go Oakland campaign.

But other experts weren’t so sure that keeping the A’s in Oakland would be a financial boost for the city. Read the full story by Fernando Gallo at Oakland North.

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